Jobs · Finance · New Jersey

Senior Claims Examiner, Construction

Markel · Red Bank, NJ · 2 wk ago
HybridFinance$78k–$107k/yrFull-time

About the role

The position will be responsible for the resolution of moderate to high complexity and moderate to high exposure claims which can be subject to disputes that must be resolved in mediation or litigation. The primary purpose of this job is to handle claims from coverage enquiry through legal liability assessment (where relevant) and quantum analysis, to timely and accurate resolution; ensuring mitigation of indemnity and expense exposure while communicating developments and outcomes as necessary to all internal and external stakeholders.

Responsibilities

  • Confirms coverage of claims by reviewing policies and documents submitted in support of claims
  • Analyzes coverage and communicates coverage positions
  • Prepares coverage position letters on matters (without assistance of outside coverage counsel) and refers suspicious losses to SIU and assist in the investigation and settling of claim
  • Conducts, coordinates, and directs investigation into loss facts and extent of damages
  • Directs and monitors assignments to experts and outside counsel
  • Evaluates information on coverage, liability, and damages to determine the extent of insured's exposure
  • Sets reserves within authority or makes claim recommendations concerning reserve changes to manager
  • Negotiates and settles claims typically in litigation within authority
  • Presents at roundtables to senior claims leaders and underwriters on cases going to trial and provides advice/insight on others claims going to trial
  • Participates in special projects having an impact on the business. May be assigned project lead for larger projects
  • Represents Markel at mediations, trials, and conferences
  • Pulls and analyzes loss information for business stakeholders and presents information during meetings with underwriters and/or insureds
  • Serves as a technical resource to underwriting and assists with drafting policy wording
  • Provides input into maintenance of claims guidelines and best practice procedures
  • Assists in training of new hires and provides assistance, guidance, and coaching to others within claims department

Requirements

Minimum of 5 years of claims handling experience or equivalent combination of education and experience

Successful achievement of industry designations (INS, IEA, AIC, ARM, SCLA, CPCU) or Participation in industry training opportunities (CLM Claim College, Munich Re Training, FDCC, etc.)

Skills

  • Excellent written and oral communication skills
  • Strong analytical and problem solving skills
  • Strong organization and time management skills
  • Ability to work autonomously in a fast paced environment
  • Experience in negotiation, mediations and monitoring trials
  • Ability to influence claims stakeholders and to effectively direct claims strategy
  • Strong litigation management skills are required including the ability to provide direction and guidance to defense attorneys and other experts while controlling expenses
  • Ability to deliver outstanding customer service
  • Intermediate skills in Microsoft Office products (Excel, Outlook, Power Point, Word)
  • Knowledge of tort and contract law

Benefits

Competitive benefit programs that help meet our diverse and changing environment as well as support our employees’ needs at all stages of life.

All full-time employees have the option to select from multiple health, dental and vision insurance plan options and optional life, disability, and AD&D insurance.

We also offer a 401(k) with employer match contributions, an Employee Stock Purchase Plan, PTO, corporate holidays and floating holidays, parental leave.

Pay

The base salary offered for the successful candidate will be based on compensable factors such as job-relevant education, job-relevant experience, training, licensure, demonstrated competencies, geographic location, and other factors. The national average salary range for the Senior Claims Examiner is $78,000 - $107,250 with 15% incentive.

Who We Are

Markel Group (NYSE – MKL) a fortune 500 company with over 60 offices in 20+ countries, is a holding company for insurance, reinsurance, specialist advisory and investment operations around the world. We’re all about people | We win together | We strive for better We enjoy the everyday | We think further

What’s In It For You

In keeping with the values of the Markel Style, we strive to support our employees in living their lives to the fullest at home and at work. We offer competitive benefit programs that help meet our diverse and changing environment as well as support our employees’ needs at all stages of life.

Caution: Employment scams

Markel Is Aware Of Employment-related Scams Where Scammers Will Impersonate Recruiters By Sending Fake Job Offers To Those Actively Seeking Employment In Order To Steal Personal Information. Frequently, The Scammer Will Reach Out To Individuals Who Have Posted Their Resume Online. These "job Offers" Include Convincing Offer Letters And Frequently Ask For Confidential Personal Information. Therefore, For Your Safety, Please Note That All legitimate job postings with Markel will be posted on Markel.com email addresses. We would also ask that you please report any job employment scams related to Markel to rarecruiting@markel.com.

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